Oil price down, markets up - but economic scarring could remain

Faisal IslamEconomics editor Markets have responded positively to the ceasefire, with a notable fall in the oil price and a rally in stock markets. However, there are many reasons for caution. There are different accounts over the next stage of negotiations between Iran, the US, and Israel. The test is whether face-to-face negotiations actually occur. Then there is the physical situation in the Strait of Hormuz. Will traffic flow freely, as suggested by President Trump? Or will it flow "via